The Allure and Ethics of Blood Diamonds

Blood diamonds, also known as conflict diamonds, are mined and sold under violence, war, and human rights abuses. These gems have been associated with conflicts in countries like Angola, Congo, and Sierra Leone, where they have fueled violence and instability.

Success Story: The Kimberley Process Certification Scheme was implemented in 2003 to prevent conflict diamonds from entering the global supply chain. The scheme has helped reduce the prevalence of blood diamonds and support diamond mining in conflict-free zones.

Navigating the Controversial Blood Diamond Market

As a responsible business, it is crucial to prioritize ethical sourcing and avoid contributing to the blood diamond trade. Here are some key strategies to consider:

Effective Strategies:

• Partner with suppliers who are certified by reputable organizations like the Kimberley Process Certification Scheme.
• Conduct thorough due diligence to ensure the provenance of diamonds.
• Collaborate with NGOs and industry groups to promote transparency and conflict-free sourcing.

Tips and Tricks:

• Educate customers about the importance of ethical diamond sourcing.
• Offer alternative, conflict-free gemstones like lab-grown diamonds.
• Promote transparency by disclosing the origin and certification of diamonds.

Common Mistakes to Avoid:

• Buying diamonds from unknown or uncertified sources.
• Ignoring the potential human rights implications of diamond sourcing.
• Relying on self-certification by suppliers.

Industry Insights:

According to the United Nations, blood diamonds accounted for 4% of the global diamond trade in the 1990s. The implementation of the Kimberley Process has significantly reduced this percentage, but the problem still persists in some conflict-affected areas.

Maximizing Efficiency:

• Centralize the diamond selection process to ensure accountability and ethical practices.
• Invest in technology to trace and verify the origins of diamonds.
• Establish clear guidelines and training for staff on conflict-free sourcing.

Pros and Cons:

Success Story: The Diamond Trading Company, a major supplier of rough diamonds, has implemented a rigorous due diligence system to prevent blood diamonds from entering its supply chain. This includes field inspections, supplier audits, and collaboration with law enforcement agencies.

Success Story: The Responsible Jewellery Council certifies jewelers and suppliers that adhere to ethical and sustainable practices, including conflict-free sourcing. This certification provides assurance to consumers that their diamonds are responsibly mined.